Under contract-accepting backup offers. Investor special in the heart of Panama City! This 2 bedroom, 1 bathroom single-family home offers a prime opportunity for renovation, rental income, or resale. Situated on a quiet street, the property features a functional layout with solid bones and plenty of potential to customize. Ideal for investors or buyers looking to create their own space, this home is being sold as-is and is ready for updates. With the right vision, this fixer-upper could be transformed into a charming primary residence or income-producing property. Conveniently located near downtown, shopping, dining, schools, and local amenities, this property offers both value and upside in a growing area. Panama City continues to see redevelopment and investment, making it attractive for both homeowners and investors. The area offers convenient access to Panama City Beach, Tyndall Air Force Base, and local marinas, while still maintaining a laid-back coastal lifestyle.
Property Details
Price:
$74,950
MLS #:
TB8493785
Status:
Pending
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
BAYOU
Neighborhood:
32401panamacity
Listed Date:
Apr 3, 2026
Finished Sq Ft:
1,798
Total Sq Ft:
1,798
Lot Size:
5,576 sqft / 0.13 acres (approx)
Year Built:
1960
See this Listing
Schools
Interior
Appliances
Refrigerator
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Cork, Tile, Vinyl
Heating
Central
Interior Features
Other
Laundry Features
Laundry Room
Levels
One
Exterior
Construction Materials
Concrete, Stucco
Direction Faces
West
Exterior Features
Other
Roof
Metal
Financial
Tax Year
2025
Taxes
$1,638
Map
Community
- Address1008 CYPRESS AVENUE PANAMA CITY FL
- SubdivisionBAYOU
- CityPANAMA CITY
- CountyBay
- Zip Code32401
Subdivisions in PANAMA CITY
Market Summary
Current real estate data for Single Family in PANAMA CITY as of May 05, 2026
5
Single Family Listed
231
Avg DOM
151
Avg $ / SqFt
$250,790
Avg List Price
Property Summary
- Located in the BAYOU subdivision, 1008 CYPRESS AVENUE PANAMA CITY FL is a Single Family for sale in PANAMA CITY, FL, 32401. It is listed for $74,950 and features 2 beds, 1 baths, and has approximately 1,798 square feet of living space, and was originally constructed in 1960. The current price per square foot is $42. The average price per square foot for Single Family listings in PANAMA CITY is $151. The average listing price for Single Family in PANAMA CITY is $250,790. To schedule a showing of MLS#tb8493785 at 1008 CYPRESS AVENUE in PANAMA CITY, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.
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Courtesy of THE SHOP REAL ESTATE CO.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 1008 CYPRESS AVENUE
PANAMA CITY, FL